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Judge Halts $81B Warner-Paramount Merger | Fresno News
Description
A federal judge has paused the $81 billion Paramount-Warner Bros. Discovery merger for at least two weeks, citing concerns from twelve states—including California—that the deal would crush Hollywood competition and limit consumer choice. The states, backed by their attorneys general, won a temporary restraining order after the companies refused to delay. California’s AG hailed it as a major victory, warning that concentrated market power harms everyone. The merger would unite giants like HBO Max, CNN, Harry Potter, CBS, and Top Gun. Paramount, acquired by Skydance last year, vows to fight back, calling the claims legally baseless and arguing the deal would actually increase competition. The hold could extend to 28 days, with a key hearing set for August 3rd—though both sides are at odds over how quickly the case should move forward.
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